US Mint January 2013 Sales WORSE than 2012 & 2011
The US Mint is the producer and wholesaler (not a retailer) of gold and silver coins. Most all of their sales are wholesale to dealers. Dealers typically place LARGE orders at the first of January for the new year's coins to restock their shelves for later sales to the public.
The first week of January typically shows VERY high US Mint wholesale sales to the dealers.
Gold and Silver sales peaked in January 2011 as the bubble peaked
Gold = 133,500 ounces in January 2011
Silver = 6,422,000 ounces in January 2011
Sales have been deteriorating ever since January 2011, with the deflation of the gold and silver bubbles. January 2012 figures were LOWER than the January 2011 bubble peak.
January 2013 sales are already sagging and are expected to be MUCH lower than the January 2011 and January 2012 figures as the gold and silver bubbles continue to deflate.
Further, dealers like tulving are still swimming in tons of excess 2012 silver eagles. They report "Large Quantities Available"
That's VERY bad news for silver
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